germac

strange head and shoulders?

NASDAQ:FENC   FENNEC PHARMACEUTICALS INC
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I found this because there's a substantial upside breakout pre-market on FENC today. I think that H & S formations are reversal signals that are supposed to happen only at major tops and bottoms but this looks a lot like an upside-down one... is it just a fluke caused by this morning's press release or is there a reference/explanation to this as a known phenomenon?
Apr 11
Comment: Today is April 11, the H & S turned out to be a good signal on this - FENC is up about 50% since March 21!
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